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AI-powered private equity was all the rage in 2023. Market sources expect to see increased adoption and new approaches to the technology over the coming year.

Overexposed LPs who are slowing their pacing have helped widen the gap between strong performing firms able to attract capital and every other manager that has to struggle to get traction in the market.

The system is like many other LPs who have reduced pacing schedules due to overallocation to the asset class.

With the commitment, the pension system accounts for one-third of L2 Point Opportunities I's $300m target and half of its $200m raised to date.

Lead investors on Hellman & Friedman’s deal are Ardian, HarbourVest Partners and Hamilton Lane, sources said.

GPs are desperate to show their LPs they know how to deliver the goods. And if they can’t do it through traditional exits, they’ll seek other methods.

The system sees inefficiencies – and deals to be had – at the lower end of the marketplace.

As the year draws to a close, the PEI editorial team gathers its top predictions for 2024. Expect to see more AI, semi-liquids and GP stakes as the year pans out.

A wave of evergreen product launches in 2023 has raised concerns about how individual investors will perceive liquidity in private markets.

Chris O’Brien was identified in pension documents as firm head, evidently replacing co-founder John Hatherly, who has led Wynnchurch for much of its 24-year history.